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Cheaper electric vehicles coming this year
Published on: Sunday, February 19, 2023
By: FMT Reporters
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The BYD Atto 3 which was launched in Malaysia in December, with a price of about RM150,000.
PETALING JAYA: Car companies are being encouraged to introduce more affordable electric vehicles (EVs) in Malaysia, according to a senior government official.

Norazman Ayub of the international trade and industry ministry, said electric cars priced from RM120,000 would be available later this year, Bernama reported.

“We have now encouraged the import of more EVs particularly from China because we want to have more EVs which are affordable for the rakyat,” he said at a dinner of the Electrical and Electronics Association of Malaysia.

Norazman said the government hoped to have at least 10,000 charging stations available to the public by 2025.

“We will be working with highway concessionaires such as PLUS Expressways Bhd for the charging stations. We want to invite investors in charging stations to be part of the development of the EV ecosystem,” he added.

The minister for international trade and industry, Tengku Zafrul Aziz, has previously said Malaysia is committed to attracting investments in the EV industry, and achieving the national target of making electric vehicles account for 15% of the total industry volume by 2030.

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